Quote Originally Posted by cammo View Post
with the recent changes to the tax situation regarding rentals and more and more legislation coming on; the rental side of things is a poor choice...... .
Don't disagree with you, but two things to consider ...

First - leverage. Easier with property, less risky for banks. Speaking generally of course. Secondly - if the rental pool shrinks, and it looks like it is, higher rents and good tenants are on the cards. Of course those higher rents are needed to pay for the tax and compliance changes, but think of it as getting the tenants paying to upgrade your asset.

Also, it is at least possible we will have a different government next year, and National is yet to announce its housing policy. They may walk back some Labour initiatives, esp if landlords let them know how much their rents are going up to pay for those policies. (National has already said they will take the bright line test back to 2 years from Labour's 5.)